EU Economy on Rebound

(CN) – Marking an upturn in a market that has been down since late 2007, new industrial orders in the European Union increased in June by 3.1 percent among the 16 nations using the euro currency, boosting a half-percent increase in May.

The growth contrasts with the steady decline over the course of a year when orders dove by more than 25 percent. Ireland expanded most in June with almost 15 percent growth while Denmark suffered the most, losing nearly 30 percent.